Both the house and senate have agreed to extend the $8000 first-time homebuyer tax credit through May 1st, 2010. In addition, ANY homeowner that’s lived in their home for 5 of the past 8 years can now also claim a $6,500 rebate as well.
This is big news for those of us in the real estate community, as this credit seems to be the driving motivation behind a large percentage of recent home-buying decisions. Please let me know if you’re interested in more specific info on this credit, or if you’d like to take advantage of this incredible opportunity in the Athens, GA real estate market.
Numbers in the Athens, GA Real Estate market are down, but it could be worse, according to a recent report by Forbes Magazine.
The study says that cities that are attracting the most new residents in this slow market are college towns because of the educated population and youthful nature of the area.
In contrast, the areas that were cited as being the least desirable were Detroit (the obvious) and a few less obvious selections – New York, Chicago and Los Angeles.
Everyone knows there are good deals in real estate right now. But, who has the money, right? Well, if you're considering a purchase in a rural area, you might not need as much money as you thought.
Buyers that are willing to live outside urban areas can still take advantage of 100% loans through government-backed programs, such as the USDA Rural Development program. Through this USDA loan, buyers can still borrow 100% of the purchase price, plus some closing costs can be financed as well. In a time where most lbanks are requiring 5-10% down on owner occupied properties, this is a really attractive option.
When combined with the government tax rebates, all-time low mortgage rates, and discount-pricing on homes, this financing option makes now a better time than ever to consider a purchase.
If you're a homebuyer in general, now is a good time ... if you're a first-time buyer, now is a GREAT time!
New Channel 32 (WNEG-TV) contacted me earlier today about helping with a story they're doing on the foreclosure rate in Georgia ... I agreed to the interview, and within 30 minutes, the news van was at my office and a camera was in my face (I tell you that so that you know I was totally unprepared if the interview seems incoherent).
Check it out if you get a chance ... channel 6 on Charter Cable, 96 on Windstream, and 19 on Comcast. You can also see the interview online after it airs (www.WNEGTV.com)
... from someone who's proud to be an American and grateful to be a small part of the greatest country in the world!
Located in downtown Athens, Georgia, Atlas Real Estate Advisors specializes in both residential and commercial transactions. "We treat every real estate transaction as an investment".
Atlas Real Estate Advisors has both a commercial and residential division, and the residential transactions are managed by Matt Thomas & "The Thomas Team".
The Thomas Team is a real estate sales team of 4 licensed agents, working together to provide our clients with friendly and professional service.
Matt Thomas, founder of The Thomas Team and co-owner of Atlas Real Estate Advisors, graduated from the Univeristy of GA in 2000, and is one of the top-producing Realtors in the Athens, GA area. In 2003 & 2004, Matt was one of the top 10% of Coldwell Banker agents worldwide, and in 2005 & 2006, his sales activity positioned him in the top 3% of Coldwell Banker agents worldwide. He was named "Athens Best Realtor" in 2004 by the Athens Banner Herald Reader's Choice Awards. A lifetime member of the Million Dollar Club, Matt specializes in residential real estate in Athens, GA and the surrounding areas, with a focus on investment property and resale transactions.
In just a 2 day period, we found the perfect house thanks to Matt. The best part of his service was his knowledge of how to execute the bidding part of the sale, and his knowledge of the neighborhoods in which we had an interest. Both my wife and I felt like we could trust Matt through the entire buying process. If we have the opportunity to recommend Matt to friends, we will do so with total confidence that they too will receive quality service and intelligent advice.
John Gibson
Home Buyer
Athens, GA
Matt was a professional throughout the home buying process. We always felt Matt was trying to help us find the home that met our needs, not just trying to sell us a house to earn a commission. Matt guided us through every step, making sure we understood all the details. We are thankful we have a Realtor who understands all the aspects of buying and selling real estate, and we were truly please with every aspect of Matt's service.
Tracy Hendrix
Home Buyer
Comer, GA
From start to finish, The Thomas Team was there to help us with every step. We found a condo we liked within one week, and we were recommended to great lenders, attorneys, and handymen. As out-of-state Homegain buyers who were unfamiliar with the Athens area, we now feel secure that we purchased a safe condo for our daughter to live in while she's in college, and we'll be sure to call Matt when we need a Realtor again.
Dennis Taylor
Home Buyer
Athens, GA
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